EPI Exit Planning Institute
CEPA Certified Exit Planning Advisor Certification
Exam
Course Title and Number: CEPA Exit Planning Advisor
Certification
Exam Title: CEPA Certification Exam
Exam Date: Exam 2025- 2026
Instructor: ____ [Insert Instructor’s Name] _______
Student Name: ___ [Insert Student’s Name] _____
Student ID: ____ [Insert Student ID] _____________
Examination
Time: - ____ Hours: ___ Minutes
Instructions:
1. Read each question carefully.
2. Answer all questions.
3. Use the provided answer sheet to mark your responses.
4. Ensure all answers are final before submitting the exam.
5. Please answer each question below and click Submit when you have completed
the Exam.
6. This test has a time limit, The test will save and submit automatically when the
time expires
7. This is Exam which will assess your knowledge on the course Learning
Resources.
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CEPA Certified Exit Planning Advisor Final Exam
Review Questions and Answers | 100% Pass
Guaranteed | Graded A+ |
2025- 2026
EPI Exit Planning Institute
CEPA Certified Exit Planning Advisor Certification Exam
Read All Instructions Carefully and Answer All the
Questions Correctly Good Luck: -
1. What are the two most common types of transactions
during a business sale?: Asset Sale and Stock Sale
2. Which Standard of Value can lead to unrealistic seller
expectations?: Emo- tional Value
3. There are three broad approaches to determining
value. The income ap- proach, the market approach,
and the approach.: Asset approach
4. A buyer may consider purchasing a company in order
to enter a new market or obtain new intellectual
property.: Strategic buyer
5. The complexity of Value Acceleration should be during
the Discov- ery Gate.: Low
6. is the value to a particular investor based on
individual investment requirements and expectations.:
Investment Value
7. What are some categories to evaluate and compare to
other companies in the marketplace?: Market growth
Equipment condition Products and sales
8. What is the timeframe most private companies can
increase their value and should begin their value
growth?: Three to five years
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9. What is NOT considered a strategy for increasing
enterprise value?: Con- duct a Triggering Event
10. Which stage of the business transition journey
would a business owner fall into if they were to begin
reviewing their options but are not ready to commit to
advisory services?: Exploring
11. What are examples of Value Domains?: Culture Sales
and Marketing
Risk
12. Value Acceleration must deliver 2 out of these 3::
Clarity Liquidity
Legacy
13. If Company A earns more revenue per year than
Company B, what would be a reason as to why a buyer
might still find Company B more attractive?: - Company
B is less reliant on their owner
14. Value Acceleration looks to provide a business with
less .: Volatility
15. Value Acceleration often follows a J-curve, meaning
things can get worse before they get better. But the
purpose of a good value growth program is to:: Ensure
the trough of things worsening is shallower and shorter
16. When a client provides you with data points about
their business, it is important to:: Trust but verify
17. How does creating a vision help focus a business
owner?: Expresses personal values
Drives inspiration
Directs focus and movement forward
18. In which gate of the Value Acceleration
Methodology should you create a prioritized action
plan?: Discover
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19. What are the three key success areas (3 Legs) a
business owner's goals and objectives should focus
on?: Business, Financial, and Personal
20. When is a good time to establish goals and
objectives with a business owner within the Value
Acceleration Methodology?: After discovering and dis-
cussing themes from the Triggering Event with the business
owner
21. Goals should be S.M.A.R.T. Specific, Measurable,
Aspirational, Realistic, and .: Time-based
22. When considering the three key success areas for
an owner's goals and objectives, which of the below
would be considered a "Financial" theme?: - Spending
needs vs. wants
23. What does S.T.E.P stand for?: Spiritual, Things,
Experiences, People
24. Complete the following quote: "is the great
unaddressed issue in the business world today. Its
absence is the single biggest obstacle to success."-
: Execution
25. What are the four words that should be used to test
an owner's vision?: -
Belief, passion, opportunity, focus
26. When creating an action plan, you should aim to set
no more than five business and five personal actions
to complete in .: 90-Day Sprints
27. Creating action plans is associated with which
activity of Relentless Exe- cution?: Alignment
28. What activities do you need to complete to create
personal and business action plans?: Establish personal
and business priorities
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